Cardinal Corporation reports net income for 2007 of $100,000. Cardinal Corporation had outstanding for all of 2007 10,000 shares of cumulative $5 preferred shares. On January 1, 2007, Cardinal had outstanding 50,000 common shares. On October 1, 2007, Cardinal Corporation issued 20,000 common shares for cash. Earnings per share is: Question 4 options: 0.71 $ 0.91 $ 1.43 $ 1.82 $

Cardinal Corporation reports net income for 2007 of $100,000. Cardinal Corporation had outstanding for all of 2007 10,000 shares of cumulative $5 preferred shares. On January 1, 2007, Cardinal had outstanding 50,000 common shares. On October 1, 2007, Cardinal Corporation issued 20,000 common shares for cash. Earnings per share is: Question 4 options: 0.71 $ 0.91 $ 1.43 $ 1.82 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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